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. The way oil price changes affect each industry depends on what kind of underlying shock drives oil price changes as well …
Persistent link: https://www.econbiz.de/10012462859
In the two decades straddling China's WTO accession, the China Shock, i.e. the rapid trade integration of China in the … about the extent of China Shock's repercussions in their district at the time when they voted on China's Normal Trade … could predict the initial China Shock in the early 1990's, but not around 2000, when China started entering new sectors, and …
Persistent link: https://www.econbiz.de/10012482292
across US refineries. We take advantage of this exogenous shock to input costs to study the nature of competition and the …
Persistent link: https://www.econbiz.de/10012453688
quantitative impact of the oil price shock is a low elasticity of substitution between oil and labor, which we estimate to be the …
Persistent link: https://www.econbiz.de/10014287363
Persistent link: https://www.econbiz.de/10001979869
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We provide empirical evidence on the dynamics effects of tax liability changes in the United States. We distinguish between surprise and anticipated tax changes using a timing-convention. We document that pre-announced but not yet implemented tax cuts give rise to contractions in output,...
Persistent link: https://www.econbiz.de/10012462368
We find that emerging markets appeared to be somewhat insulated from developments in U.S. financial markets from early 2007 to summer 2008. From that point on, however, emerging markets responded very strongly to the deteriorating situation in the U.S. financial system and real economy. Policy...
Persistent link: https://www.econbiz.de/10012463530
The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy landscape, with some of the longer-lasting effects still unfolding. This paper discusses how these events have reshaped the supply side of the global oil market by focusing on...
Persistent link: https://www.econbiz.de/10014322883
shock, and distinguishing between the two types of shocks can be important in macroeconomic modeling post-covid …
Persistent link: https://www.econbiz.de/10012599350